Plan Ledger DOL Form 5500 · updated monthly

Health Choice Network, IncDC plan

403(B) THRIFT PLAN FOR EMPLOYEES OF HEALTH CHOICE NETWORK, INC. · DORAL, FL · plan year 2024

Reported admin expense ratio · 2024
0.39%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Health Choice Network, Inc reported $47,853 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $3,615 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.01% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,465th-largest of 3,644 plans among Florida employers on file, and the 4,780th of 11,911 in health care & social assistance. In 2024, employees put in $1.21 for every $1.00 the employer contributed; active participation has grown from 156 to 191 since 2021.

Plan summary
Net assets, end of year$13,569,429
Participants with balances210
Active participants191
Employer contributions$690,387
Employee contributions$833,439
Employer contribution per active participant$3,615
Average account balance$64,616
Benefits paid to participants$415,957
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$13.6M · 210 accts · $690K emplr
2023$10.9M · 204 accts · $619K emplr
2022$7.4M · 198 accts · $492K emplr
2021$4.8M · 155 accts · $303K emplr
Employer contributions to the Health Choice Network, Inc plan · 2024
Employer contribution per active participant$3,615
Median for plans this size$2,416
2024$3,615 per active participant
2023$3,210 per active participant
2022$2,812 per active participant
2021$1,944 per active participant

Health Choice Network, Inc's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history4
2024$47,853 · 0.39%
2023$23,833 · 0.26%
2022$12,673 · 0.21%
2021$680 · 0.01%
Similar plansHealth Care & Social Assistance · Florida
Summit Care II, Inc. FL$13.7M · 0.03%
Bioserenity USA Inc. FL$13.7M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900525658 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.